TUPPER LAKE â The people who recently purchased the former Oval Wood Dish factory have laid out what their planned redevelopment of the building will have in store: housing up front, business in the back.
Joe Gehm and Michael Dunyk, owners of the Syracuse-based Lahinch Group, purchased the historic 110,000-square-foot factory with its iconic smokestack for $1 million two weeks ago.
They are anticipating a $30 million redevelopment of the building, turning it into blended apartments and business space.
They plan to build 92 apartments in total â two-thirds mixed-income apartments geared toward âentry-level workforce housing,â and one-third market-rate apartments geared toward wealthier renters.
Gehm anticipates the mixed-income units will be priced to be affordable for people working at the Sunmount state facility for people with developmental disabilities, the Wild Center nature museum or one of the many restaurants in town.